European Factors to Watch-Shares seen higher, earnings in focus

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LONDON May 10 (Reuters) - European shares were set to open
higher on Tuesday, building on the previous session's gains,
with a recovery in metals prices a day after heavy losses seen
supporting miners, while some companies were seen up after their
results.

The pan-European FTSEurofirst 300 index rose 0.5
percent to 1,309.10 points in the previous session, although it
remains down 9 percent so far in 2016.

Earnings reports were mixed, with salt and fertiliser
supplier K+S reporting a smaller-than-expected drop
in quarterly operating profit and reiterating its guidance,
while Adecco said that modest revenue growth continued
in the first quarter.

However, Credit Suisse saw tough market conditions
continuing at least through the second quarter and Thyssenkrupp
cut its full-year forecasts on a drop in prices for
materials.

According to Thomson Reuters StarMine, 68 percent of
European companies have announced results so far, of which 60
percent have met or beaten analysts' forecasts.